For Tue 210824 (Plenty can change by the open, be aware.)

Globex Review: Trying to melt up again. One takeable trade still open with two targets in the bag.

Day Session Analysis: Charts suggest a continued melt-up or range day. Stats are mixed. Looking to take trades in either direction with good reward/risk.  Tuesday (both sessions combined garnered 20% of all the gains over the past 5 years in dollars. Reversals and Breakouts are about even. Trading ES/CL/GC using BB Rev with new filters considered and looking for good credit spread levels to ladder-in on the SPXW.

S&P 500 Futures CPL: 4478.50/4482.50. We’re trading WITHIN the CPL (short edge below, long edge above) and ABOVE the equilibrium 4466.75/4472.75 (open below = short edge, open above = long edge).

The World Index: (+100/-100) drops from +71 to +36 in a bullish-leaning world of mixed sentiment (short edge).

Catalysts: New Home Sales @ 10:00. Washington is in a mess (infrastructure bill, Afghanistan)....

For Mon 210823 (Plenty can change by the open, be aware.)

Globex Review: Melting on up. One takeable trade still open with two targets in the bag.

Day Session Analysis: Risk ON as world sentiment is very bullish. Looking to take trades in either direction with good reward/risk.  Monday (both sessions combined) garnered 27% of all the gains over the past 5 years in dollars. Reversals and Breakouts are about even. Trading ES/CL/GC using BB Rev with new filters considered and looking for good credit spread levels on the SPXW.

S&P 500 Futures CPL: 4435/4438.25. We’re trading ABOVE the CPL (short edge below, long edge above) and ABOVE the equilibrium 4416.25/4425.75 (open below = short edge, open above = long edge).

The World Index: (+100/-100) registers +71 with all major world markets bullish (short edge).

Catalysts: PMI Composite Flash @ 9:45. Existing Home Sales @ 10:00.

Trends: 60 min UP (starting to range), daily UP (short edge).

Chart: High outside day (long edge)....

For Thursday 210819 (Plenty can change by the open, be aware.)

Globex Review: Down market, very busy with 8 trades documented, 4 takeable offering 2 winners netting +23 points.

Day Session Analysis: Fed tapering coming soon. All world markets are bearish. Charts say a continuation down (or sell rallies). Stats say BUY the dips. Seems like a perfect environment for BB Rev. Thursday (both sessions combined garnered ONLY 4% of all the gains over the past 5 years in dollars. Breakouts (95%) crush Reversals (5%) but overall gains are very low. Consider not trading Volume Profile. Trading ES/CL/GC using BB Rev with new filters considered and HOLDING OFF on credit spread ladders due to extreme volatility and lack of directional bias.

S&P 500 Futures CPL: 4434/4440. We’re trading BELOW the CPL (short edge below, long edge above) and BELOW the equilibrium 4406.5/4411.50 (open below = short edge, open above = long edge).

The World Index (-100/+100) plummets from +14 to -86 with...